Government of Canada / Gouvernement du Canada
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Insurance Companies Act

Version of section 296 from 2006-11-28 to 2022-07-25:

Marginal note:Distribution

  •  (1) No person including a company shall distribute securities of a company except in accordance with the regulations made under subsection (2).

  • Marginal note:Regulations

    (2) The Governor in Council may make regulations respecting the distribution of securities of a company, including

    • (a) respecting the information that is to be disclosed by a company before the distribution of any of its securities, including the information that is to be included in a prospectus;

    • (b) respecting the manner of disclosure and the form of the information that is to be disclosed; and

    • (c) exempting any class of distribution of securities from the application of subsection (1).

  • 1991, c. 47, s. 296
  • 2005, c. 54, s. 272
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